Asset Control and Decentralization: How WLFI Freeze destroys the trust economy of cryptocurrencies
Source: CoinWorld
Time: 2025-09-07 19:02:17
The WLFI Foundation has frozen over 2.9 billion tokens worth more than $500 million in Justin Sun’s wallet on the grounds of market manipulation. CryptoQuant CEO Ju Ki-young condemned the move for violating the decentralization principle, while Justin Sun believes it is unreasonable. Although token prices rebounded by 4% after the freeze, 68% of WLFI holders said trust in governance had declined. This incident highlights the contradiction between centralized control and the core concept of DeFi.